Industrial Bank and ZA Bank Partner on Wealth Management Connect Southbound Scheme
Industrial Bank and ZA Bank said they will cooperate across the full process for the Guangdong-Hong Kong-Macao Greater Bay Area Wealth Management Connect Southbound Scheme. According to Ming Pao, eligible mainland investors in the Greater Bay Area can open a Southbound Scheme remittance dedicated account, complete eligibility checks and ZA Bank risk assessment via Industrial Bank, then use the ZA Bank app to open and use an investment dedicated account under the scheme to invest in eligible wealth management products in Hong Kong.
